The expectations hypothesis and decoupling of short- and long-term US interest rates: A pairwise approach
The link between short-term policy rates and long-term rates elucidate the potential effectiveness of monetary policy. We examine the US term structure of interest rates using a pairwise econometric approach advocated by Pesaran (2007). Our empirical modelling strategy employs a probabilistic test s...
| Autores Principales: | , , |
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| Formato: | Artículo (Article) |
| Lenguaje: | Inglés (English) |
| Publicado: |
Elsevier Inc.
2015
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| Materias: | |
| Acceso en línea: | https://repository.urosario.edu.co/handle/10336/22662 https://doi.org/10.1016/j.najef.2015.09.014 |